AM/NS India aims 40 mt capacity by 2035
Steel

AM/NS India aims 40 mt capacity by 2035

Dilip Oommen, Chief Executive Officer, ArcelorMittal Nippon Steel India (AM/NS India), stated that the demand for steel in India would increase due to the country's low per capita consumption and the government's focus on infrastructure development. The company's current capacity of 9 million tonne would expand to 40 million tonne by 2035. When asked about the company's plans for acquisitions, Oommen referred to the list of previous acquisitions that began with the acquisition of Essar Steel from the bankruptcy court in 2019.

India's per capita steel consumption is currently low, indicating that it can only go upwards, especially with the need for infrastructure development in various sectors like roads, ports, and airports.

The company aims to achieve a manufacturing capacity of 40 million tonne by 2035. Presently, the company is producing close to 8 million tonne per annum at the Hazira plant, and this will be increased to 15 million tonne and then 22 million tonne. Additionally, they plan to undertake a greenfield expansion in Odisha.

The company is currently a flat steel manufacturer, they will also venture into long products. They are considering both organic and inorganic approaches for growth.

Also read: 
Indian Mineral Production records positive growth in April 2023
India surpasses China in Coal-based Steel Capacity


Dilip Oommen, Chief Executive Officer, ArcelorMittal Nippon Steel India (AM/NS India), stated that the demand for steel in India would increase due to the country's low per capita consumption and the government's focus on infrastructure development. The company's current capacity of 9 million tonne would expand to 40 million tonne by 2035. When asked about the company's plans for acquisitions, Oommen referred to the list of previous acquisitions that began with the acquisition of Essar Steel from the bankruptcy court in 2019. India's per capita steel consumption is currently low, indicating that it can only go upwards, especially with the need for infrastructure development in various sectors like roads, ports, and airports. The company aims to achieve a manufacturing capacity of 40 million tonne by 2035. Presently, the company is producing close to 8 million tonne per annum at the Hazira plant, and this will be increased to 15 million tonne and then 22 million tonne. Additionally, they plan to undertake a greenfield expansion in Odisha. The company is currently a flat steel manufacturer, they will also venture into long products. They are considering both organic and inorganic approaches for growth. Also read:  Indian Mineral Production records positive growth in April 2023India surpasses China in Coal-based Steel Capacity

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code